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Progress Software CFO Exercises Options

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-16
NEW YORK (AP) -- The chief financial officer and senior vice president of finance of business software developer Progress Software Corp. exercised options for and sold 40,000 shares of common stock, according to a Securities and Exchange Commission filing Wednesday.

In a Form 4 filed with the SEC, Norman R. Robertson reported he exercised options for the shares Tuesday for $13.50 apiece and then sold all of them on the same day for $31.88 each.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Progress is based in Bedford, Mass.

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